Motilal Oswal Mutual Fund launches India's first Nifty 500 ETF
National
Motilal Oswal Asset Management Company (MOAMC) has announced the launch of Motilal Oswal Nifty 500 ETF. This exchange-traded fund aims to provide investors with over 90% of India's listed market capitalization an excellent opportunity to invest and participate in India's growth story. Motilal Oswal Nifty 500 ETF seeks to replicate the total returns of the Nifty 500 index. The /track is designed to measure the performance of the top 500 companies based on market capitalization. Moreover, it offers diversified exposure to 21 sectors, some of the sectors include textiles, consumer services, media and forest materials which are not present in the Nifty 50 index.
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